Loading…
The Bank of Korea said it will deliver an additional $1.26 billion to local banks via its US dollar currency swap with the Federal Reserve. Bids in its fifth online auction undershot the $4 billion target, and the BOK has so far extended about $17 billion through the line.
Dollar liquidity support eases funding stress that pushed the won to decade lows, reducing near-term pressure on the currency. For feed buyers this is a macro currency story with little direct effect on grain or meal prices.
koreaherald.comYonhapApr 27, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
